Peregrine Capital Management LLC Has $10.02 Million Position in Celsius Holdings Inc. $CELH

Peregrine Capital Management LLC lowered its stake in shares of Celsius Holdings Inc. (NASDAQ:CELH) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,012 shares of the company’s stock after selling 36,944 shares during the quarter. Peregrine Capital Management LLC’s holdings in Celsius were worth $10,021,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in Celsius by 5.1% during the second quarter. Teacher Retirement System of Texas now owns 23,464 shares of the company’s stock worth $1,088,000 after buying an additional 1,142 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in Celsius by 101.8% during the second quarter. Y Intercept Hong Kong Ltd now owns 365,023 shares of the company’s stock worth $16,933,000 after buying an additional 184,173 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Celsius by 16.9% during the second quarter. Nisa Investment Advisors LLC now owns 62,117 shares of the company’s stock worth $2,882,000 after buying an additional 9,000 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in Celsius by 2.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 25,576 shares of the company’s stock worth $1,186,000 after buying an additional 659 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Celsius during the second quarter worth approximately $6,534,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CELH. Bank of America upped their target price on Celsius from $40.00 to $55.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Celsius in a research note on Sunday, August 31st. Roth Capital restated a “buy” rating on shares of Celsius in a research note on Thursday, October 2nd. Truist Financial upped their target price on Celsius from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. upped their target price on Celsius from $68.00 to $76.00 and gave the stock an “overweight” rating in a research note on Friday. Nineteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.45.

Celsius Stock Down 1.8%

Shares of CELH opened at $62.22 on Tuesday. Celsius Holdings Inc. has a 52 week low of $21.10 and a 52 week high of $66.74. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 168.16, a PEG ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.76 and a current ratio of 2.11. The stock has a fifty day moving average of $59.28 and a 200-day moving average of $48.15.

Celsius (NASDAQ:CELH) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Celsius had a return on equity of 36.88% and a net margin of 7.91%.The company had revenue of $739.30 million during the quarter, compared to analysts’ expectations of $632.13 million. During the same period in the prior year, the company earned $0.28 EPS. Celsius’s revenue was up 83.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Celsius Holdings Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John Fieldly sold 143,167 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $51.18, for a total value of $7,327,287.06. Following the completion of the transaction, the chief executive officer directly owned 895,410 shares in the company, valued at approximately $45,827,083.80. This represents a 13.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William H. Milmoe sold 100,000 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $47.50, for a total value of $4,750,000.00. Following the completion of the transaction, the insider owned 17,717,770 shares of the company’s stock, valued at $841,594,075. The trade was a 0.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 405,667 shares of company stock worth $20,665,162 in the last ninety days. Insiders own 2.55% of the company’s stock.

Celsius Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.